CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Market Updates » Bitcoin Dominance Rises to 9-Month High as Altcoins Retrace (Weekend Watch)

Bitcoin Dominance Rises to 9-Month High as Altcoins Retrace (Weekend Watch)

Author: Jordan Lyanchev

Last Updated Mar 20, 2023 @ 09:51

Bitcoin’s dominance is well above 45% for the first time since June 2022.

Getting your audio player ready...

Bitcoin’s dominance continues to increase as most of the alts have slumped today, while BTC maintains above $27,000.

ATOM, LDO, and APT are among the most substantial losers today, dropping by up to 7%.

Bitcoin Dominance Spikes to New Peaks

The US banking crisis, in which three banks were closed within days, and the subsequent bailout speculations as well as US Fed lending $300 billion to certain banking institutions, pushed BTC north this week.

The asset stood just inches above $20,000 last Sunday but started marching on as the working week began. After several consecutive massive rallies, the cryptocurrency found itself trading above $26,000 for the first time in months on Tuesday.

It retraced by a couple of grand in the next two days but went on the offensive once more on Thursday and Friday. This resulted in jumping above $27,000 and reaching a new 9-month high at almost $28,000.

Alicia Bakery
CMO - A really good agency

Did you like this market update?
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address
Your privacy is guranteed.
Thanks for subscribing, you will get your first report in the next hours!

Despite being unable to overcome that line yet and falling slightly, BTC still trades north of $27,000. Its market cap is above $520 billion, while its dominance over the altcoins has reached its highest levels since June 2022 at over 45% on CMC.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins Turn Red

The alternative coins experienced notable gains in the past few days as well, but most have retraced today. Ethereum went to a multi-month high of its own above $1,800, but a 2% daily drop has pushed it just under that level.

Binance Coin, Cardano, Solana, Tron, Shiba Inu, and Polkadot have declined by similar percentages. Dogecoin, Polygon, and Litecoin are down by even more in a day.

Nevertheless, the most significant losses come from ATOM, LDO, STX, FIL, and APT. All of these assets have plummeted by somewhere between 5% and 8%.

Naturally, the cumulative market cap of all crypto assets has seen a minor decline, with almost $20 billion evaporated.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Join Our Community

FacebookX YouTubeTelegram


Editorials
5 Best Meme Coin Presales to Watch in May 2025

5 Best Meme Coin Presales to Watch in May 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in May 2025

11 Best Crypto Presales to Consider in May 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

The 5 Best Crypto Staking Platforms in 2025: Everything You Need to Know

The 5 Best Crypto Staking Platforms in 2025: Everything You Need to Know

Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top